Venture capital and private equity investments in Connecticut-based companies increased 75 percent during the third quarter of this year.
That’s according to the latest PwC and CB Insights’ MoneyTree data, which said private companies here drew $84 million during the recent three-month period, up from $48 million in the third quarter of 2018.
The largest deal was a $40 million private equity raise by Norwalk’s 365 Data Centers, a provider of colocation services.
Of the third-quarter total, approximately two-thirds went to Fairfield County companies.
Greater Hartford had two of the top 10 deals during the recent quarter — an $8.1 million raise by Farmington-based Polarity and a $6 million raise by Glastonbury-based Payrailz.
Through the third quarter, Connecticut companies have raised $329 million, which is already well ahead of the full-year 2018 total of $262 million, according to the MoneyTree report.
